ICT And E-Commerce Contribute RM427.7 Bln To GDP In 2023 - DoSM

KUALA LUMPUR, Oct 15 (Bernama) -- The Information and Communication Technology (ICT) industry, including e-commerce, has generated a total of RM427.7 billion to Malaysia’s gross domestic product (GDP) in 2023 compared to RM411.6 billion in 2022, according to the Department of Statistics Malaysia (DoSM). 

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said this represents a contribution of 23.5 per cent to GDP in 2023 against 22.9 per cent in the preceding year. 

"The ICT and e-commerce activities grew at 3.9 per cent compared to 14.3 per cent in the preceding year. The ICT and e-commerce are composed of gross value added of ICT industry (GVAICT) with the share of 13.8 per cent, and 9.6 per cent from e-commerce in non-ICT industries," he said in a statement on the Information and Communication Technology Satellite Account (ICTSA) 2023 today. 

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According to Mohd Uzir, the GVAICT stood at RM252.0 billion last year, recording a growth of 3.8 per cent compared to 11.4 per cent in 2022, supported by ICT services, contributing to 41.6 per cent.

"This is followed by ICT manufacturing, ICT trade, and content and media with a share of 38.2 per cent, 14.2 per cent and 6.0 per cent, respectively," he added. 

Mohd Uzir noted that the gross value added of e-commerce amounted to RM248.2 billion in 2023, with slower growth of 3.7 per cent compared to 19.2 per cent in the preceding year. 

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He said the contribution of e-commerce to GDP was recorded at 13.6 per cent, with the manufacturing sector as the main contributor at 51.8 per cent, followed by the services sector at 45.2 per cent. 

In addition, Mohd Uzir said the exports of ICT products contributed 34.5 per cent to Malaysia's exports, valued at RM430.7 billion in 2023, and was dominated by ICT goods with a share of 90.9 per cent. 

"The imports of ICT products recorded a contribution of 23.4 per cent to national imports with a value of RM270.7 billion, contributed by the ICT goods with the share of 84.3 per cent. 

"Overall, the net exports of ICT products recorded a surplus of RM160.0 billion in 2023," he noted.

On the labour front, Mohd Uzir said employment in the ICT industry increased by 1.6 per cent to 1.24 million persons in 2023, with a contribution of 7.8 per cent to the overall employment in Malaysia.

"The employment was dominated by ICT manufacturing at 35.6 per cent, followed by ICT services and ICT trade with a share of 29.2 per cent and 22.4 per cent respectively," he added.

-- BERNAMA